Air Berlin doubles third-quarter profit

Air Berlin posted a €95.2 million ($142.4 million) profit in the third quarter, more than double the €45.1 million reported in the year-ago period, thanks in part to reduced foreign exchange losses and €20 million in proceeds from payments on a convertible bond.
Revenue fell 8.2% year-over-year to €974 million "due to planned capacity reductions," AB said yesterday, but operating profit rose 33.5% to €118 million from €88.4 million in the 2008 third ...